Essentia Price

Essentia is a cryptocurrency that operates on the Ethereum blockchain. It serves as the native token for the Essentia framework, which is designed to create powerful data interactions and user experiences by connecting centralized and decentralized resources across multiple chains. Key features of ESS include: 1. Utility: Used as fuel for the Essentia ecosystem, enabling payments for various third-party services. 2. Governance: Supports the distributed governance layer built into the Essentia framework. 3. Reputation management: Helps manage user reputation within the ecosystem. 4. Adoption incentives: Allocated to promote and facilitate the adoption of the Essentia framework. 5. User rewards: Distributed to the most active users participating in the ecosystem's development. As of 2026-02-02, ESS is trading at $0.00001274 with a 24-hour trading volume of $79.57. It has a circulating supply of 1.08B ESS tokens and a total supply of 1.75B ESS. The current market cap stands at $13.76K, ranking it #7155 among all cryptocurrencies. ESS reached its all-time high of $0.06229 on July 6, 2018, and its all-time low of $0.000012 on May 30, 2020. The project aims to create an operating system for data interaction between the collaborative blockchain world and the real world.

Essentia was created in July 2018. The project launched its initial coin offering (ICO) on July 6, 2018, marking the official creation date of the ESS cryptocurrency. Since then, Essentia has been operating on the Ethereum blockchain as an ERC-20 token, aiming to provide a decentralized framework for data interaction and user experiences across centralized and multi-chain decentralized resources. The ESS token serves as the fuel for the Essentia ecosystem, enabling various functionalities such as payments for third-party services, governance, and user reputation management within the platform.

The founders of Essentia are Matteo Gianpietro Zago and Mirco Mongiardino. They established the project in 2017 with the goal of creating a decentralized operating system that connects centralized and multi-chain decentralized resources. Zago serves as the CEO while Mongiardino is the CTO of the Essentia project. Both founders have extensive experience in blockchain technology and decentralized systems. They aimed to develop Essentia as a framework for powerful data interactions and user experiences across different blockchain networks. The ESS token was launched in 2018 to fuel the Essentia ecosystem and support its various functionalities like governance, reputation management, and rewarding active user participation.

Essentia operates as a multi-chain protocol connecting centralized and decentralized resources. The ESS token serves as fuel for the Essentia framework, enabling users to: 1. Pay for third-party services integrated with Essentia 2. Participate in the distributed governance layer 3. Manage user reputation within the ecosystem 4. Support adoption and development of the Essentia framework As an operating system for data interaction, Essentia facilitates powerful connections between blockchain networks and real-world applications. The protocol aims to create seamless user experiences across various blockchain ecosystems. Key features of ESS include: - Total supply: 1.75B ESS - Circulating supply: 1.08B ESS - Current price: $0.00001274 - Market cap: $13.76K - 24h trading volume: $79.57 ESS tokens are primarily used for governance, staking, and accessing services within the Essentia ecosystem. The project continues to develop new use cases and partnerships to expand its utility and adoption.

Essentia utilizes a multi-chain architecture that connects centralized and decentralized resources. Its technical structure includes: 1. Core Protocol Layer: A set of protocols enabling interoperability between different blockchains and centralized systems. 2. Operating System Layer: Provides the foundation for creating powerful data interactions and user experiences across chains. 3. Governance Layer: A distributed governance system built into the Essentia framework, powered by the ESS token. 4. Reputation Management: A user reputation system integrated into the protocol. 5. Smart Contract Layer: Enables the creation and execution of decentralized applications. 6. Cross-Chain Bridge: Facilitates asset transfers and communication between different blockchain networks. 7. API Layer: Allows third-party services to integrate with the Essentia ecosystem. 8. Wallet Infrastructure: Secure storage and management of digital assets across multiple chains. This architecture allows Essentia to function as a versatile operating system for data interaction between collaborative blockchain networks and real-world applications, creating a seamless multi-chain ecosystem.

Essentia has an ambitious roadmap for the future, focusing on expanding its ecosystem and enhancing its technology. Key milestones include: 1. Scaling improvements: By 2027, Essentia aims to significantly increase transaction throughput and reduce fees. 2. Cross-chain interoperability: Plans to integrate with major blockchain networks by 2028, enabling seamless asset transfers. 3. DeFi expansion: Launching new decentralized finance products and services throughout 2026 and 2027. 4. Governance upgrades: Implementing more decentralized decision-making processes for the Essentia community by 2028. 5. Enterprise adoption: Partnerships with major corporations to integrate Essentia technology, targeted for 2031. 6. Mobile app development: Releasing user-friendly mobile applications to increase accessibility by end of 2026. 7. NFT marketplace: Launching a dedicated NFT platform within the Essentia ecosystem in 2027. The team is committed to continuous innovation and community engagement. With these developments, Essentia aims to strengthen its position in the crypto market, potentially reaching a price of $0.00001477 by 2027 and $0.00002456 by 2031. However, actual performance may vary based on market conditions and project execution.